The deadline for Enron shareholders to file a claim for their share of the $7.2 billion Enron securities class action settlement has come and gone, but shareholders are now receiving new notices to submit claims in the SEC’s separate $450 million settlement in its Enron cases.
As discussed by the Houston Chronicle, the SEC settlement has a different distribution schedule and a later dealine to submit a claim: April 6, 2009, according to the SEC’s notice sent to shareholders. The article notes that those who were eligible to receive part of the $7.2 billion are not necessarily eligible to receive part of the SEC’s smaller fund:
Shareholders eligible for part of the $7.2 billion must have bought stock between Sept. 9, 1997 and the day Enron went bankrupt, Dec. 2, 2001. That’s the span of time covered in that litigation.
But the SEC fund’s eligibility period is shorter, covering stock purchases between Jan. 20, 1998, and Nov. 7, 2001.
The SEC’s $450 million fund is a combination of civil fines collected since 2002 from banks that settled allegations that they helped Enron commit fraud, including $135 million from JPMorgan Chase, $101 million from Citigroup and $80 million from the Canadian Imperial Bank of Commerce.
Information and documents including claim forms are available at www.enronvictimtrust.com.